Fintech PR
Leading Canadian Retailer Altitude Sports To Offer Sezzle’s ‘Buy Now, Pay Later’ Option At Checkout
Sezzle Inc. (ASX:SZL) (Sezzle or Company) // Sezzle, the leading North American payments platform, is announcing that it has been selected as the official installment payments platform for Canadian sports retailer Altitude Sports. Sezzle’s solution was chosen following a 60-day head-to-head trial period in which Sezzle and another installment payments company were evaluated based on a series of parameters, including ease of integration, user experience and financial performance. In setting up the pilot program, Altitude Sports wanted to both test the overall impact of adding the BNPL option to the checkout experience as well as identify the best long-term BNPL partner.
The Altitude Sports digital team was impressed with the immediate impact that the BNPL feature had on driving sales and pushing up average basket sizes, and identified Sezzle as the best platform for enabling that feature. Ultimately, Sezzle won the Altitude Sports contract based on the established performance parameters. Executives at the retailer also highlighted Sezzle’s focus on young consumers, its deep understanding of the Canadian retail environment, and the company’s purpose-driven corporate mission as being other key drivers that influenced their decision.
“We are excited to partner with such an influential Canadian retailer like Altitude Sports,” said Patrick Chan, the Sezzle’s General Manager for Canada. “Since Sezzle launched in Canada in mid-2019, we have been growing quickly, partnering with many of Canada’s premier online retailers. It’s so rewarding to see that many of the fastest growing companies in Canada are choosing Sezzle as its preferred BNPL solution.”
“Today’s announcement adds a powerful and influential Canadian brand to the Sezzle family, and we look forward to helping Altitude Sports expand their business now that they can offer their customers a new, more manageable way to pay — a key differentiator in today’s climate of economic uncertainty,” added Chan.
Altitude Sports is known across the Canadian retail landscape as an organization with its finger on the pulse of the latest consumer trends, and it was this forward-thinking that initially inspired the company to set up a competitive process in search of the ideal ‘Buy Now, Pay Later’ solution.
“In finding an installment payments partner, Altitude Sports set a very high bar and Sezzle stepped up to the challenge,” observed Altitude Sports’ Co-CEO Alexandre Guimond. “We were pleased with Sezzle’s technology and people. Sezzle is a real innovator and we are confident that this is the beginning of a long-term, fruitful relationship.”
“Plain and simple our goal is to be the leading BNPL provider in Canada,” said Sezzle President and co-founder Paul Paradis who oversees the company’s international businesses. “We are pleased with the results of our successful pilot program with Altitude Sports and look forward to continuing to create value for our partner in the form of fewer abandoned shopping carts, increased average order size and ultimately, increased sales. We know we will deliver.”
Earlier in July of this year, Sezzle, which is a publicly traded company on the Australian ASX, completed a USD $60 million capital raise that includes plans for doubling down on its efforts in the Canadian market. A portion of the funds from this latest raise will be directed towards hiring additional staff for Sezzle’s Canadian headquarters in Toronto, bolstering its dedicated Canada sales and customer success operations, augmenting the Canada merchant acquisition team, and bolstering the company’s national marketing efforts.
The consulting firm McKinsey & Co has estimated the burgeoning “Buy Now, Pay Later” space is valued at USD$1.9 Trillion ($2.6 Trillion CAD), and industry researchers have predicted that 95 percent of all direct-to-consumer retailers will be offering some form of installment-based payment solution for both online and in-store checkout by 2023. Since the onset of the coronavirus pandemic, the industry as a whole has benefitted as shutdowns have driven customers to migrate to online shopping. By and large Sezzle has seen that these same global trends tilting towards BNPL are occurring in Canada as well.
In these tough economic times, Sezzle has made a concerted effort to support Canadian-based retailers. To this end, Sezzle recently unveiled the country’s most complete Canada Store Directory where consumers can find merchants offering Sezzle’s BNPL solutions featuring solely Canadian retailers.
Fintech PR
CCTV+: From Silk Road Gateway to Global Innovation Hub: Xi’an Advances Industrial Upgrades and International Cooperation
XI’AN, China, Nov. 2, 2024 /PRNewswire/ — Xi’an, an ancient capital and starting point of the Silk Road, is growing rapidly into a cosmopolis of technological innovation, industrial transformation and international cooperation. The city is becoming a global hub for innovation and economic cooperation and a destination that converges historical heritage with modern creativity. By leveraging initiatives in New Quality Productivity, the Internet of Things, high-tech industries, culture, and international business services, Xi’an showcases its dynamic blend of past and future.
Industrial Development: Technology and Innovation Drive Emerging Industry Clusters
Aiming to establish itself as an international hub with rapid scientific and technological innovation, Xi’an is now building a comprehensive national science center and a center for science and technology innovation.
The Silk Road Technology City is now home to more than 4,000 companies and has fostered two major industry clusters, in optoelectronics and automobiles, each worth tens of billions. Leading industry giants like BYD and Samsung have established themselves here, taking advantage of Xi’an’s robust policy support for innovation-led growth. LONGi, a world leader in solar technology, is actively building Shaanxi’s 100-billion-grade silicon-based solar PV industry innovation cluster, driving industry-wide growth through R&D and supply chain expansion; while BYD’s comprehensive new energy vehicle industry chain has also positioned Xi’an as a key base for new energy technology and electric vehicles.
Belt and Road Hub: Connecting Development Across Borders
As a central hub along the Belt and Road, Xi’an recently hosted the Belt and Road Forum for International Think Tank Cooperation, fostering collaboration and advancing connected, networked development through the trans-Eurasian transport corridor. With growing trade opportunities, Xi’an is also expanding its reach into international markets, particularly in Central Asia, exporting specialty agricultural products like kiwi fruit.
Through conventions and conferences, Xi’an has demonstrated its significant potential for international economic cooperation, establishing stronger ties in Central Asia and Belt and Road countries.
New Quality Productivity: Smart Technologies and Advanced Manufacturing Fuel Growth
New Quality Productivity is driving Xi’an’s high-quality development leveraging smart technologies and intelligent manufacturing. Local enterprises like SUNNYIT are promoting innovative applications of IoT technologies to tackle industry bottlenecks, Xi’an Chinastar M&C Limited is supporting real-time urban management with products including smart manhole covers and parking monitoring systems to support urban safety and municipal services.
Industrial robots and intelligent manufacturing are also accelerating Xi’an’s industry transformation. Xi’an Aerospace Automation’s 4,000-kilogram robot, designed for warehouse logistics, highlights the city’s advancements in high-load, high-precision applications.
High-Quality Development: Digital Technology Empowers Xi’an’s Smart City Ambitions
Xi’an is progressing in smart city development, enabling companies to utilize big data and AI for comprehensive traffic analysis, enhancing traffic management efficiency, and establishing a “transportation+” multi-scenario service system to improve travel experiences.
Xi’an looks to cooperate with more companies and research institutions in fields of environmental protection, water-related affairs, education, and urban management with the goal of promoting technological breakthroughs in areas such as intelligent video analysis and large-scale AI models, empowering city management and services through digital technologies and support the development and innovation of companies in the city.
Opening Up to the World: Xi’an Shares Its Story and Strengthens Business Environment
The newly established Xi’an International Communication Center shares Xi’an’s story in multiple languages, promoting Chinese culture and positioning Xi’an as a major platform for cultural exchange. Additionally, a legal service center in Xi’an Chanba International Port now offers comprehensive legal support, fostering a fair and just international business environment.
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View original content:https://www.prnewswire.co.uk/news-releases/cctv-from-silk-road-gateway-to-global-innovation-hub-xian-advances-industrial-upgrades-and-international-cooperation-302294686.html
DUBAI, UAE, Nov. 2, 2024 /PRNewswire/ — KuCoin, a global leader in the cryptocurrency exchange arena, is thrilled to announce its active participation at this year’s premier TON community event, The Gateway. The annual conference, renowned for uniting key players in the TON ecosystem, aligns perfectly with KuCoin’s mission to democratize cryptocurrency and expand its reach across the globe.
Representing KuCoin at the event was Alicia, who took part in the insightful panel discussion on “Perspective Sectors on TON for VCs and Exchanges.” Her presence underscored the vibrant potential of the venture capital market within emerging blockchain technologies, particularly the TON ecosystem. Alicia’s discussion highlighted how TON’s seamless integration with Telegram presents unique opportunities for innovation and user engagement, resonating with KuCoin’s strategic initiatives to bridge social connectivity with financial transactions.
“TON’s integration with Telegram not only simplifies the user experience but also amplifies it, making it a gateway for millions to engage with Web3 technologies,” Alicia stated. She emphasized KuCoin’s commitment to leveraging this synergy to enhance secure, user-friendly trading experiences, thus furthering its mission of putting crypto in every pocket.
KuCoin’s participation in The Gateway event reinforces its dedication to fostering a secure, robust, and accessible trading environment, paving the way for a new era of crypto and blockchain integration.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 36 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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View original content:https://www.prnewswire.co.uk/news-releases/kucoin-shines-at-the-gateway-event-advocating-for-blockchain-innovation-through-ton-302294685.html
Fintech PR
UBS Asset Management launches its first tokenised Money Market Fund, available through DigiFT
SINGAPORE, Nov. 2, 2024 /PRNewswire/ — UBS Asset Management, launches its first tokenized investment fund “uMINT”, made available through authorized distribution partner, DigiFT.
With DigiFT, investors can subscribe to uMINT using their preferred custody wallet solution, gaining access to real-time redemption capabilities via DigiFT’s platform. uMINT, a Money Market investment underpinned by high quality money market instruments based on a conservative, risk-managed framework, is built on Ethereum distributed ledger technology and issued under UBS Tokenize, UBS’s in-house tokenization service, a full service offering for digital asset services, that seeks to open the door to the world of decentralized finance to a broader range of market participants.
“We’re honoured to be an authorized distribution partner for UBS Asset Management in launching their first tokenized money market fund. This is a significant milestone in the world of Web3, and a testament of our ability to transform capital markets. Not only does this partnership bridge traditional finance with digital and decentralized technologies, it also demonstrates our ability to deliver next-generation investment solutions on an open network – for a new generation of global investors,” said Henry Zhang, Founder & Chief Executive Officer of DigiFT.
As part of the partnership, DigiFT will provide infrastructure for managing and monitoring on-chain distribution activities and transactions for the new tokenized money market fund. Enabled by blockchain technology, DigiFT’s best-in-class, open infrastructure ensures all transactions are stored and recorded on an immutable ledger, providing real-time operational and audit visibility. Beyond streamlining administrative processes, DigiFT is able to leverage smart contracts and facilitate automated compliance and operational efficiencies, further allowing investors to invest and explore new financial Web3 use cases.
DigiFT is the first exchange deploying smart contract methods and processes, with an automatic market-making mechanism, to be recognized as a Recognised Market Operator (RMO) and awarded the Capital Markets Services (CMS) license by the Monetary Authority of Singapore.
Disclaimer: This article is not an advertisement making an offer or calling attention to an offer or intended offer
About DigiFT
DigiFT is the first exchange for on-chain real-world assets to be licensed by the Monetary Authority of Singapore. Find out more www.digift.sg
For media enquiries, please contact [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/ubs-asset-management-launches-its-first-tokenised-money-market-fund-available-through-digift-302294683.html
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